Liberal Arts students create group to diversify Penn State business fraternities

Liberal Arts students create group to diversify Penn State business fraternities

Aditya Datta spearheaded the formation of the Business Fraternity Diversity Council last fall Aditya Datta (left), Ekow Asomaning (upper right) and Eswar Chelliah (bottom right) are members of Penn State’s new Business Fraternity Diversity Council. UNIVERSITY PARK, Pa. — During a breakfast for Chapel Executive Interns last fall, Aditya Datta, a third-year Paterno Fellow and Schreyer Scholar majoring in economics, pitched the idea of creating the Business Fraternity Diversity Council to Clarence Lang, Susan Welch Dean of the College of the Liberal Arts. As a member and former director of diversity, inclusion and community engagement for the Delta Sigma Pi professional business fraternity, it was important to Datta that the business fraternities at Penn State provide an inclusive culture and reflect the school they serve, he said. Datta, a Lansdale, Pennsylvania, native, said he knew that for this venture to be successful, he would need access to leaders in professional networks and a scalable idea. Lang put Datta in contact with Melissa Landrau Vega, the director of the Multicultural Resource Center, which opened pathways to communicate with Charles Whiteman, the dean of Smeal College of Business, and Olivia Lewis, the director of diversity enhancement in Smeal. “When we came […]

Russia ministries oppose Veon plans to sell Russian mobile business - paper

Russia ministries oppose Veon plans to sell Russian mobile business – paper

Jan 26 (Reuters) – Russia’s finance ministry, economy ministry and central bank all oppose plans by mobile operator Veon Ltd (VON.AS) to sell its Russian business, Vimpelcom, the Kommersant newspaper said on Thursday. Last November, Amsterdam-listed Veon (VON.AS) said it would sell Vimpelcom to senior members of the Vimpelcom management team, led by CEO Aleksander Torbakhov, for 130 billion roubles ($1.87 billion). Kommersant, citing unidentified sources, said the deal in its current form did not suit the holders of Veon Eurobonds and had been sent back for revisions. Separately, Tass news agency cited a source saying the government had sent the deal back so changes could be made, but did not give any details. Kommersant said it had not received responses to requests for comment from Vimpelcom, Veon or the two Russian ministries. ($1 = 69.6505 roubles)

Confluent is cutting 8% of its staff

Confluent is cutting 8% of its staff

Confluent Inc. is cutting 8% of its staff and is reportedly losing its chief revenue officer. The Mountain View company announced the layoffs Thursday in a filing with the Securities and Exchange Commission . The provider of data management software is making the cuts — which amount to about 220 workers — to help it reach profitability more quickly, co-founder and CEO Jay Kreps said in a letter to employees it also filed with the SEC. Due to economic uncertainty, it’s taking longer for the company to close sales, so its growth is slowing, Kreps said in his letter. At the same time, it’s under increasing pressure to stem its losses, he said. "To many, I’m sure this news (of the layoffs) comes as a shock, though those following the broader tech ecosystem closely may be less surprised," Kreps said. "Ultimately, we had optimized some aspects of our operations for a very different world than we found ourselves operating in," he continued. "The responsibility for that falls squarely on me." In addition to the cuts, Larry Shurtz has left his position as Confluent’s CRO, The Information reported . Shurtz, who formerly worked for Salesforce Inc. as its executive vice […]

Frontier line thefts cause thousands in losses to Williamson W.Va. business

Frontier line thefts cause thousands in losses to Williamson W.Va. business

WILLIAMSON, W.Va . (WSAZ) – Two businesses are reporting losses because Frontier services have been out for days at a time. Paul Price is the CEO of Precision Heating, Cooling, and Electric. One of his locations is situated on Williamson’s West Side. Along with Appalachian Tire Company across the street, the two businesses say they are experiencing significant losses when calls cannot be accepted. “All three of our phone lines are out, this is an ongoing problem a total of two and a half weeks since November that our phones have been and it’s critical our customers can’t in touch with us,” said Price. Those lines are how customers get in touch with Precision Heating, Cooling, and Electric. It is a number known well to Southern West Virginians, 304-235-2000, but employees at their location on Third Ave cannot pick up the phone. That number and the others for the company are connected to Frontier services. Price said when the internet and phone services began going out in November his losses were so great he decided the company should get internet services with another service in addition to Frontier. WSAZ reached out to Frontier about the outages. A spokesperson with […]

3 business application security risks businesses need to prepare for in 2023

3 business application security risks businesses need to prepare for in 2023

Ransomware has lately been the primary method of monetization for threat actors. Still, research has revealed a slight decrease in ransomware attacks and ransomware payments this past year, suggesting cybercriminals are evolving their strategies. Mariano Nunez Threat actors have been leveraging more discreet techniques to make a profit by directly targeting an enterprise’s crown jewels—enterprise resource planning (ERP) applications. We’ve already seen threat groups entering business applications and staying undetected for months while quietly siphoning millions of dollars. As enterprises accelerate their digital transformation projects, protecting their business-critical applications from threats directly targeting them should be of utmost importance. But while many organizations are prioritizing ERP application security, others are instead focusing on and investing heavily in traditional cybersecurity tools that only address more common threats, like ransomware. As ERP attacks increase this year, more organizations must ensure their security strategy takes these applications into account to keep their sensitive data and files. But first, it’s crucial that they understand what risks are threatening their ERP applications. There are numerous security risks that can leave business-critical applications vulnerable to cybercriminals. Here are three common business application security risks organizations should keep an eye out for this year and specific […]

Triad Business Journal Names Three N.C. A&T Alumni to ’40 Under 40’ List

Triad Business Journal Names Three N.C. A&T Alumni to ’40 Under 40’ List

EAST GREENSBORO, N.C. (Jan. 27, 2023) – The Triad Business Journal has named three North Carolina Agricultural and Technical State University alumni to its 2023 class of 40 Under 40 award winners – Alana V. Allen ’07, Bryle Henderson Hatch ’08, ’10, ’18, Ph.D., and Oliver M. Thomas ’06, Ph.D., M.Div. All honorees are accomplished leaders older than 21 and younger than 40 who are leaving an indelible mark not just in their workplaces but also across the region. In addition to their professional achievements, they are active in many local nonprofits and civic causes, addressing issues ranging from education to poverty to social injustice to bolstering the quality of life in the Triad. Allen earned a B.S. in journalism and mass communications with a concentration in public relations from N.C. A&T, where she is director of alumni communications director of alumni communications under the Division of University Advancement. Allen also is also founder and executive director of I Am A Queen, a youth development nonprofit based in the Greensboro-High Point area of North Carolina. For 14 years, she has cultivated a thriving year-round mentorship program for girls ages 10-18 that focuses on building their self-esteem and leadership skills. […]

U of A Small Business Center Helps Northwest Arkansas Businesses Thrive in 2022

U of A Small Business Center Helps Northwest Arkansas Businesses Thrive in 2022

Nikki Toth Photography The Arkansas Small Business and Technology Development Center at the U of A, a unit of the U of A Division of Economic Development, wrapped up 2022 with a banner year of new clients, new business starts and capital acquisition. With customer satisfaction scores of over 94%, the Center’s eight-person team provided 2,031 consultant hours for 905 new clients and their respective projects. ASBTDC, UAF consultants also assisted clients in obtaining $17.5 million in capital and positioned 48 new business starts for success in the thriving NWA small business community. "We are a small, but mighty, team, and I could not be prouder of our accomplishments this year and our impact in 2022," said Mary Beth Brooks, director of the center. "We look forward to 2023 with new clients, new ideas and new opportunities for economic impact in the small business community," Brooks added. Serving current and prospective business owners in six counties , the team at the U of A Small Business and Technology Development Center provides guidance and expertise in starting and growing a small business, finance, marketing, innovation and technology commercialization. All services are provided at no cost to the client. The center […]

The ultimate guide to starting a vending-machine business from scratch

The ultimate guide to starting a vending-machine business from scratch

Some people make six and seven figures annually from their vending-machine businesses. Vending machines have become a popular side hustle, thanks to entrepreneurs on Instagram and TikTok. Vending-machine businesses require minimal investments and are low-maintenance to operate. Eventually, they can generate passive income if you outsource the daily upkeep. Sign up for our weekday newsletter, packed with original analysis, news, and trends — delivered right to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Vending machines have become a popular side hustle, thanks to entrepreneurs on Instagram and TikTok who claim they’ve made between six and seven figures in annual sales. Vending-machine businesses are widely appealing because they require a minimal investment to get started, are low-maintenance to operate, and can eventually generate passive income if you outsource the daily upkeep. One business owner on TikTok said he bought his vending machine for $600 on the marketplace OfferUp and booked $318 in revenue in three […]

Managing knowledge is key to creating happy customers

Managing knowledge is key to creating happy customers

We all grew up learning knowledge is power. That’s true. Knowledge is at the very center of everything we do for our clients and is the engine driving all of our business processes, allowing us to maximize our value to our clients. By “knowledge,” we’re not describing our business acumen or clever strategies behind our approach. At the center of our business processes is a literal storehouse of knowledge that’s constantly being updated and refined. It contains details of how our clients and their products and services function and what needs to happen when they don’t. We don’t consider ourselves to be what many call “knowledge workers” because we don’t actually create knowledge. Instead, we document the knowledge other people and organizations have developed, and deliver that knowledge as their customers need it. By amassing and sharing knowledge, we help our clients and their highly skilled teams focus on what creates the greatest value for their time, by handling issues that would otherwise compete for their attention. Take a technology startup that manufactures a device. In the company’s early stages, support calls for the device tend to be referred to the engineering team. Those calls interrupt the work performed […]